# 1906 90th Avenue, Algona, IA 50511

> **TL;DR:** commercial, $1,200,000, built 1940. Est. $5,200/mo. Listed 27 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Year Built | 1940 |
| Property Type | Commercial (Apartment) |
| Status | For Sale |
| Days on Market | 27 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,200 |
| **Total** | **$5,200** |

## Property Highlights

- Built in 1940

## Description

### Agent Description
Exceptional opportunity to acquire a fully renovated multi-family asset with strong in place income & significant upside potential. This facility has been thoughtfully converted into a well maintained apartment complex, offering immediate, significant cash flow. The property features updated units with modern finishes, attractive stable tenancy & consistent rental demand. Major improvements have already been completed, allowing a new owner to step into a turn key investment with minimal deferred maintenance. The expansive lot offers ample space for additional development. This flexibility provides multiple avenues to increase revenue and overall asset value. Located in a stable rental market in Algona, the property benefits from steady demand and a strong tenant base, making it ideal for both seasoned investors & those looking to grow their portfolio. Whether you're seeking a reliable income producing property or a strategic investment with future development potential, this offering delivers on both fronts. Currently there are 12 apartments & 2 studio commercial spaces with garages.

## Location

- **Address:** 1906 90th Avenue, Algona, IA 50511
- **County:** Kossuth
- **Coordinates:** 43.047646, -94.28548
- **Google Maps:** https://www.google.com/maps?q=43.047646,-94.28548

## Listing Agent

- **Name:** Matthew Muller
- **Brokerage:** Farm & Home Services
- **Phone:** 5153415405
- **Email:** mmuller@farmhomeservices.com

## Primary Photo

![1906 90th Avenue - Primary Photo](http://lh.rdcpix.com/3001ed160fd2a5e93d0419f9c0f62fcal-f1753668688r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/1906-90th-avenue-algona-ia-50511-6338015)*

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**MLS#:** 6338015 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1906-90th-avenue-algona-ia-50511-6338015)

---

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